Press Release
Press Release
Economic infrastructure investment needs for energy, transport, water and sanitation, and telecoms are estimated by the European Investment Bank (EIB) to be as high as €688 billion annually. According to further social infrastructure projections, the annual investment shortfall for social housing, health care, and education is estimated to be €142 billion. This makes the mobilisation of necessary resources crucial. As a result, the current and previous multiannual financial frameworks prioritised the extension of projects and initiatives where infrastructure plays a major role in responding to rising needs.
In 2021, housing accounted for 5.6% of GDP in the EU. Increasing urbanisation and government initiatives such as the European Fund for Strategic Investments (EFSI) contribute to the Europe construction market expansion.
Increasing investment in sustainable construction methods also drives the market. In February 2024, Skanska AB (OTCMKTS: SKBSY) signed a contract with the municipality of Lindesnes in southern Norway to develop a health and care centre with an investment of USD 78.09 million (NOK 822 million). The construction is expected to start in February 2024 and end in December 2027 while maintaining sustainability, such as the building being built with a large amount of wood, emitting no greenhouse gases, and producing more energy during construction than it consumes during operation.
The 8,000-square-meter care facility will consist of 48 short-term care apartments and 72 care residences. The health facility, which will occupy about 12,500 square metres, will house a café, spaces for volunteer groups and organisations, an emergency room, an ambulance station, a day activity centre, a healthy lifestyle centre, a volunteer centre, physiotherapy, occupational therapy, and mental health services, among other things.
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The major players in the Europe construction market are VINCI SA, ACS Group, Skanska AB, Bouygues Construction, Hochtief AG, Eiffage S.A., STRABAG International GmbH, Balfour Beatty plc, Ferrovial S.A., and Acciona, S.A, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by End Use |
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Breakup by Residential Buildings and Single Units |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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